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Royal Caribbean to Redeem Notes

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Jason

By Jason
in Royal Caribbean

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Jason

Jason

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Posted

All Associated Press News

MIAMI (AP):

Cruise line Royal Caribbean Cruises Ltd. said Friday it plans to redeem all its outstanding liquid yield option notes due Feb. 2, 2021, at $494.62 per note.

The company said it was mailing notices of redemption to the notes' holders Friday.

Royal also said it plans to repurchase about $165 million of its shares in an accelerated buyback program under an agreement with Goldman Sachs.

Shares rose $1, or 3 percent, to close at $38.98 on the New York Stock Exchange.

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